China's Galvanized Sheet Exports Hit a New High in 2024: What Is the Outlook for the Market? [SMM Analysis]

Published: Jan 21, 2025 17:32

Save

[SMM Analysis: China's Galvanized Sheet Exports Hit a New High in 2024, Future Outlook?] According to the latest customs data, galvanized sheet exports in December 2024 reached 1.0303 million mt, down 1.52% MoM but up 33.58% YoY from 771,300 mt in December 2023. From January to December 2024, cumulative galvanized sheet exports totaled 12.7464 million mt, an increase of 17.34% YoY from 10.8531 million mt in 2023...

SMM, January 21:

According to the latest customs data, in December 2024, China's galvanized sheet exports reached 1.0303 million mt, down 1.52% MoM but up 33.58% YoY from 771,300 mt in December 2023. From January to December 2024, cumulative galvanized sheet exports totaled 12.7464 million mt, an increase of 17.34% YoY from 10.8531 million mt in 2023. Overall, December's galvanized sheet export performance remained at November's level, with China's galvanized sheet exports hitting a new record high in 2024.

By country, South Korea imported 111,100 mt of Chinese galvanized sheets in December, accounting for 10.78% of total exports, ranking first. The Philippines imported 105,600 mt, accounting for 10.25%, ranking second. Thailand imported 92,200 mt, accounting for 8.95%, ranking third. In December, imports of Chinese galvanized sheets by countries such as South Korea, the Philippines, Thailand, and Iraq showed significant increases, while imports by Vietnam, India, Saudi Arabia, and others experienced varying degrees of decline.

In 2024, China's galvanized sheet exports performed strongly overall. Firstly, robust demand for galvanized sheet exports from Southeast Asia in 2024 boosted China's export levels. Additionally, the relatively low ferrous metals prices in China this year provided a price advantage, further supporting export performance. Looking ahead to 2025, an unstable foreign trade environment may pose certain challenges to China's galvanized sheet exports. Continued attention is needed on the subsequent performance of China's galvanized sheet exports.

》View the SMM Metal Industry Chain Database

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

8 hours ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

8 hours ago

15 hours ago

Improved Macro Sentiment, LME Zinc Rebounded From Lows [SMM Zinc Morning Meeting Summary]

[SMM Zinc Morning Meeting Summary: Macro Sentiment Improved, LME Zinc Rebounded From Lows]: Overnight, LME zinc opened at $3,040.5/mt. After the opening, LME zinc fluctuated rangebound. During the session, LME zinc quickly surged to a high of $3,183/mt, then rapidly pulled back to around the daily average line, and subsequently fluctuated upward along the daily average line, finally closing higher at $3,103/mt, up $47/mt, or 1.54%···

15 hours ago

China’s Zinc Ingot Inventory Continued Destocking on Monday, SHFE Zinc Center Moved Higher [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment: China’s Zinc Ingot Destocking Continued on Monday, and the Center of SHFE Zinc Moved Upward] Overnight, the most-traded SHFE zinc 2605 contract opened at 22,960 yuan/mt. After the opening, SHFE zinc fluctuated around the daily average line. In early trading, SHFE zinc dipped to 22,915 yuan/mt, and during the session, it touched a high of 23,150 yuan/mt, before finally closing up at 23,075 yuan/mt..

15 hours ago